Kudrna's Stock Market Talk

Continued from Part 1 of A Daytraders Strategy

Another successful strategy I use to day trade is very similar to the one used in Part One. However, this strategy uses different indicators to lead the decision making in the trade.  Recently, I successfully utilized this strategy when trading Jones Soda (JSDA).  Jones was having a breakout, over a few days, and the volume was significantly higher than average.  Most of this was attributed to the shorts getting squeezed early and the bulls running hard for a few days.  The two constants in this trading strategy, when compared to the other strategy, are high volume and the stock being positive on the day.  Without those two, I am very likely to pass immediately on the chart. (more…)

Below are charts which have either been requested on my contact page, discussed in our live chat, or are on my watch list.  You will notice many are energy-related as greener fuels received a boost after President Obama’s speech today.  I expect this should continue into Thursday with a possibility of a pullback (general market pullback) on Friday if the Jobs report does not meet or exceed expectations.  If the jobs report does not send us lower, it could very well be news surrounding the debt associated with Spanish banks.  We will continue to hear more about Spanish banks this month.  Now, let’s get to the charts. (more…)

With an uncertain market, it is tough to build long positions with confidence.  The psychology of the market is very irrational and swinging up and down with ease.  Even on down days though, pockets of strength typically exist.  The challenge is finding something to believe in, even if it’s just for the intraday. (more…)